Atlanta-based Beecher Carlson insurance brokerage has acquired Phoenix-based Alliance Insurance Group. Financial terms of the transaction were not disclosed.
The acquisition supports its plan to partner with firms where there is strategic alignment in specialization and expansion of geographic reach in high-growth areas of the country, according to Beecher Carlson. Meanwhile, the transaction should allow Alliance Insurance Group to leverage the national resources and technical expertise of Beecher Carlson.
Alliance Insurance Group is led by Guy Labelle, one of the original founders and current chairman of the company, and Frank Beranek, president and chief operating officer. Beranek will remain with the firm and continue to conduct business as Alliance Insurance Group from its existing Phoenix location. Labelle will serve as a consultant for the company until his retirement.
Alliance Insurance Group was formed in 1976. The firm is comprised of Alliance Insurance Brokers, Spectrum Wholesale Insurance Services and AI Program Managers Inc. (formerly Maui Insurance). The company produces and serves as the managing general agent for a manufactured home park program. Alliance Insurance Group also provides specialized programs for apartment owners, real estate developers and property managers, shopping centers, commercial transportation and other coverage lines.
Beranek has more than 40 years of experience. He retired from Aon in 2004 after spending 32 years with the company.
“Alignment with Beecher Carlson will allow us to deliver to our clients a greater array of solutions, like wrap-ups, captives and other alternative risk transfer solutions where Beecher Carlson has proven expertise and demonstrated success,” Beranek said.
Source: Beecher Carlson
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